
| Income Range (Rs.) | Tax Rate |
| Up to 4,00,000 | NIL |
| 4,00,001 - 8,00,000 | 5% |
| 8,00,001 - 12,00,000 | 10% |
| 12,00,001 - 16,00,000 | 15% |
| 16,00,001 - 20,00,000 | 20% |
| 20,00,001 - 24,00,000 | 25% |
| Above 24,00,000 | 30% |
| Section | Present | Proposed |
| 193 - Interest on securities | NIL | 10,000 |
| 194A - Interest other than Interest on securities | (i) 50,000/- for senior citizen; (ii) 40,000/- in case of others when payer is bank, cooperative society and post office (iii) 5,000/- in other cases | (i) 1,00,000/- for senior citizen (ii) 50,000/- in case of others when payer is bank, cooperative society and post office (iii) 10,000/- in other cases |
| 194 – Dividend, for an individual shareholder | 5,000 | 10,000 |
| 194K - Income in respect of units of a mutual fund | 5,000 | 10,000 |
| 194B - Winnings from lottery, crossword puzzle Etc. & 194BB - Winnings from horse race | Aggregate of amounts exceeding 10,000/- during the financial year | 10,000/- in respect of a single transaction |
| 194D - Insurance commission | 15,000 | 20,000 |
| 194G - Income by way of commission, prize etc. on lottery tickets | 15,000 | 20,000 |
| 194H - Commission or brokerage | 15,000 | 20,000 |
| 194-I - Rent | 2,40,000 (in a financial year) | 6,00,000 (in a financial year) |
| 194J - Fee for professional or technical services | 30,000 | 50,000 |
| 194LA - Income by way of enhanced compensation | 2,50,000 | 5,00,000 |
| 206C(1G) – Remittance under LRS and overseas tour program package | 7,00,000 | 10,00,000 |
| ITR-U filed within | Additional Tax |
| 12 months from the end of the relevant AY | 25% of additional tax (tax + interest ) |
| 24 months from the end of the relevant AY | 50% of additional tax (tax + interest ) |
| 36 months from the end of the relevant AY | 60% of additional tax (tax + interest ) |
| 48 months from the end of the relevant AY | 70% of additional tax (tax + interest ) |